Tag: GDP
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Growth in Asia Pacific emerging markets to remain strong in 2024: Fitch
[ad_1] Fitch had last month said it expects India to be among the world’s fastest-growing large sovereigns, with resilient GDP growth of 6.9 per cent this fiscal, followed by 6.5 per cent in 2024-25 The economic growth in Asia Pacific will remain strong in 2024 and GDP is expected to grow by about 5…
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PM says UK must ‘look forward with pride and optimism’ to 2024 as poll looms
[ad_1] Mr Sunak will call a general election in 2024, with the Tories battling to hold on to power as opinion polls suggest a healthy Labour lead. [ad_2] Source link
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UK economy shrinks in Q3, raising recession risk – Times of India
[ad_1] The UK economy shrank in the third quarter, raising the possibility that Britain is already in a recession. Revised figures Friday showed GDP dropped 0.1% from the second quarter, a downgrade from the zero growth initially estimated. Economists had expected the second estimate to be unchanged.The ONS also downgraded its GDP figure for the…
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Generative AI can add cumulative USD 1.2-1.5 trillion to India’s GDP by FY30: EY – Times of India
[ad_1] NEW DELHI: Generative artificial intelligence (Gen AI) has the potential to add a cumulative USD 1.2-1.5 trillion to India’s Gross Domestic Product over the next seven years, according to a report by EY India. The report, titled ‘The AIdea of India: Generative AI‘s potential to accelerate India’s digital transformation’, provided insights into the industry’s…
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UK business growth rebounds to six-month high
[ad_1] The closely followed S&P Global/CIPS flash UK purchasing managers’ index reported a reading of 51.7 for December, up from 50.7 in November. [ad_2] Source link
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India needs to increase R&D spending to 3% of GDP: Kris Gopalakrishnan
[ad_1] Kris Gopalakrishnan, co-founder of Infosys India must triple spending on research and development (R&D) to 3 per cent of its gross domestic product (GDP) from 0.7 per cent now, said Kris Gopalakrishnan, co-founder of Infosys, on Friday. The private sector needs to contribute 1.5 per cent to the total R&D spending, he…
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Climate change threatens India’s agricultural backbone, impacting food security and economy – Times of India
[ad_1] A comprehensive analysis titled ‘Impacts of Climate Change on Agriculture in India,’ released today by Climate Trends, a Delhi-based climate thinktank, sheds light on the profound vulnerability of India’s agrarian sector, which employs 40% of the country’s labor force. The report underscores rising temperatures’ detrimental effects, projecting a significant reduction in crop yields and…
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Starmer more receptive to my ideas than Sunak’s party, says Tory donor
[ad_1] Phones4U founder John Caudwell has not ruled out switching his allegiances to Labour ahead of a likely general election next year. [ad_2] Source link
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Manufacturing at 9-quarter high, July-September GDP beats estimates to grow at 7.6% – Times of India
[ad_1] NEW DELHI: The country’s economy grew faster than expected in July-September, powered by robust growth in manufacturing (at a 9-quarter high of 13.9%), construction and mining. It posted 7.7% growth in the first half of 2023-24 against the backdrop of a slowing global economy. Data released by the National Statistical Office (NSO) on Thursday…
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GDP Grew By 7.6% In Q2 Compared To 7.8% In Q1
[ad_1] The GDP growth in the first quarter remained unchanged at 7.8 per cent. (File) New Delhi: India’s economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining and services sectors, the government data showed on Thursday. The gross…